Cogent Communications Holdings Inc (CCOI) financials
Cogent Communications revenue and earnings by year
Cogent Communications's revenue was $976 million in the fiscal year to December 31, 2025, down 5.8% from the year before. Net income was -$182 million, -18.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 9.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.98 | 1.04 | 0.94 | 0.60 | 0.59 | 0.57 | 0.55 | 0.52 | 0.49 | 0.45 |
| Revenue growth | -5.8% | 10.1% | 56.9% | 1.7% | 3.8% | 4.0% | 5.0% | 7.2% | 8.6% | — |
| Gross profit | 0.44 | 0.39 | 0.40 | 0.37 | 0.36 | 0.35 | 0.33 | 0.30 | 0.28 | 0.25 |
| Gross margin | 45.2% | 38.1% | 42.2% | 61.9% | 61.6% | 61.4% | 59.8% | 57.8% | 56.9% | 56.6% |
| Operating income | -0.10 | -0.18 | 1.28 | 0.11 | 0.12 | 0.11 | 0.10 | 0.09 | 0.08 | 0.06 |
| Operating margin | -10.4% | -16.9% | 135.7% | 19.0% | 20.2% | 18.8% | 18.4% | 16.6% | 15.6% | 14.5% |
| Net income | -0.18 | -0.20 | 1.27 | 0.01 | 0.05 | 0.01 | 0.04 | 0.03 | 0.01 | 0.01 |
| Net margin | -18.7% | -19.7% | 135.3% | 0.9% | 8.2% | 1.1% | 6.9% | 5.5% | 1.2% | 3.3% |
| Diluted EPS | -$3.80 | -$4.28 | $26.62 | $0.11 | $1.03 | $0.13 | $0.81 | $0.63 | $0.13 | $0.33 |
| Free cash flow | -0.20 | -0.20 | -0.11 | 0.09 | 0.10 | 0.08 | 0.10 | 0.08 | 0.07 | 0.06 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CCOI in Markets.
How Cogent Communications makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| On Net Services | $135M | 57.5% |
| Off Net Services | $84.5M | 35.9% |
| Wavelength Services | $14.8M | 6.3% |
| Non Core Services | $873K | 0.4% |
See also: CCOI valuation and P/E history · CCOI returns
No forecast, no recommendation. This page describes Cogent Communications Holdings Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.